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US tariffs will be an own goal
They will hurt US consumers and companies and are unlikely to reduce US trade deficits.
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Donald Trump has vowed to slap 60 per cent tariffs across the board on Chinese products and at least 10 percent tariffs on the rest of the world.
PHOTO: BLOOMBERG
There is a two-panel cartoon on US trade policy that has recently gone viral. In the first panel, US President-elect Donald Trump is shown saying from a podium: “We call on the whole world to join our campaign to boycott China!”
The second panel shows a factory in China with dozens of workers making T-shirts with “BOYCOTT CHINA” emblazoned on them.
